Earnings for the three-month period ended Sept. 30 came in at $0.56 per share to exceed the $0.46 analyst consensus.
Falls Church, Virginia-based CSRA reported financial results on a pro forma basis that assumes the company was created on July 1, 2015Â — the start of the company’s 2016 fiscal year.
The company launched Nov. 30, 2015 out of the merger between the former Computer Sciences Corp. (NYSE: CSC) North American public sector business and SRA International.
CSRA also reported second quarter net income of $80 million to register a 50.94-percent increase from the prior year period and revenue of $1.26 billion to show a 4.32-percent year-over-year decline with both on a pro forma basis.
Second quarter sales exceeded Wall Street’s expectation of $1.24 billion.
CSRA reiterated its guidance of $1.91-$2.04 earnings per share and $5 billion-$5.2 billion in revenue versus the consensus Wall Street midpoint forecasts of $1.97 EPS and $5.05 billion in sales.
Second quarter bookings totaled $2.4 billion at a book-to-bill ratio of 1.9x, which CSRA said is its seventh straight period of at least 1.0x.
As of Wednesday’s close, shares in CSRA have fallen 12.2 percent on a year-to-date basis compared to respective gains of the GovCon Index by 11.51 percent and S&P 500 at 5.84 percent.